U.S. stock markets experienced a significant upswing, edging closer to breaking previous records as various companies reported stronger-than-anticipated earnings.

On Thursday, the S&P 500 index increased by 1%, bringing it within 0.1% of its historical peak, despite a muted reaction on Wall Street to President Donald Trump’s recent tariff announcements, which are not set to fully take effect for a couple of weeks.

The Dow Jones Industrial Average also saw a gain, climbing by 0.8%, while the Nasdaq composite surged by 1.5%.

MGM Resorts International, GE HealthCare Technologies, and Molson Coors Beverage were among the key contributors to this rally following their positive profit disclosures.

In the bond market, Treasury yields declined even in light of inflation and unemployment claims reports that exceeded expectations.

On Thursday’s close:
The S&P 500 finished up by 63.10 points, equivalent to a 1% increase, settling at 6,115.07.
The Dow Jones Industrial Average saw an increase of 342.87 points, or 0.8%, reaching 44,711.43.
The Nasdaq composite experienced a rise of 295.69 points, which is a 1.5% gain, closing at 19,945.64.
The Russell 2000 index, which tracks smaller companies, rose by 26.30 points, or 1.2%, finishing at 2,282.18.

Looking at the weekly performance:
The S&P 500 showed an increase of 89.08 points, translating to a 1.5% boost.
The Dow observed a rise of 408.03 points, or 0.9%.
The Nasdaq rose by 422.24 points, marking a 2.2% increase.
The Russell 2000 advanced slightly by 2.48 points, showing a 0.1% uptick.

For the year to date:
The S&P 500 has gone up by 233.84 points, which is about a 4% increase.
The Dow has appreciated by 2,167.21 points, or 5.1%.
The Nasdaq has seen a gain of 634.85 points, approximately 3.3%.
The Russell 2000 has increased by 52.03 points, equating to a 2.3% growth.